Daily Archives: August 27, 2024
Ever wondered what happens when you swipe your credit card at a store? How does the payment process function, and what role does the Point of Sale (POS) play here? When you swipe a credit card at a store, the POS system reads the card information and sends it to the payment processor for authorisation….
A personal loan can be an ideal solution for various financial needs, whether it is for home renovation, medical expenses, or a dream vacation. However, before you apply, it is crucial to understand how much personal loan you can get from the bank. Your loan eligibility depends on factors like income, expenses, and existing financial…
Chennai is a bustling city, brimming with rich cultural heritage and exciting opportunities. It is also a hub for aspiring young people and individuals looking to live their best life. Whether you have a dream wedding in mind, or want to renovate your Chennai residence, or expand your business in Chennai, a personal loancan provide…
The world is full of breathtaking landscapes, vibrant cultures, and unforgettable experiences. We all dream of exploring the world, but more often than not, money gets in the way. You should not have to miss out on incredible adventures just because of your budget. A travel loan can help you travel the world without breaking…
Getting a loan can be challenging if you work for yourself. Banks usually prefer lending to people with regular income. However, personal loans can be an ideal refuge. They offer a way for self-employed individuals to get the financial support they need. However, the qualifications and documents required for a personal loan for self-employed personnel…
Whether you want to access loans, apply for credit cards, or get low interest rates, a good credit profile is essential. For credit profiles, two terms you would have come across are ‘CIBIL score’ and ‘credit score’. While people use both the terms interchangeably, they have different meanings and implications. However, both play a vital…
Your credit score is an important aspect of your financial health. It influences your ability to get loans, credit cards, and favourable interest rates. A 700-credit score is a common benchmark people wonder about: Is it good enough to secure positive loan terms? Does it reflect a healthy financial profile? Let’s understand where this score…
Imagine you’ve carefully filled out a credit card application, submitted all necessary documents, and eagerly await your approval. But then, the unthinkable happens—your credit card application gets rejected. It is a frustrating experience, leaving you questioning where you went wrong. Many face this scenario, and it is essential to understand why this happens and how…
An OTP or a one-time password has become an integral part of online transactions and banking in recent times. Especially for credit card transactions, OTP ensures an added layer of security and prevents misuse. This has become especially important as the number of digital payment fraud cases reported by banks increased by 70.64% to ₹2,604…
Credit cards have become an indispensable part of present-day life. They provide a convenient way to make payments and access credit, increasing their popularity in the country. The most recent data released by the Reserve Bank of India (RBI) indicates that the total number of credit cards in the system was 100.60 million as of…
Managing multiple credit cards with differing interest rates and due dates is tough. You must pay your credit card bills on time to avoid penalties and debt accumulation. One of the ways to repay bills, including your credit card bills, is by using your credit card. Ways to Pay Credit Card Bill with another…
Planning an international trip can be exciting, but it also involves carefully considering how to handle your finances abroad. With credit cards and forex cards being the two most popular options, which one should you choose? Here is an in-depth comparison of credit cards versus forex cards to help you decide which is better suited…